Cisco Acquires AI Firm for $270M - CEO to Head Collaboration Light Reading

Cisco plans to acquire Accompany, a privately held company that provides AI tools for sales, for $270 million. And Cisco named Accompany CEO Amy Chang as senior vice president in charge of Cisco's collaboration technology group. Chang replaces Rowan Trollope, who is leaving effective Thursday to take a job as CEO of another company, Cisco Systems Inc. (Nasdaq: CSCO) said in a statement. Trollope joins Five9, a cloud contact center software vendor. Accompany provides a platform for finding new prospects, navigating sales and strengthening relationships, Cisco says.